Property Protection Trust takes the legal ownership of the property in place is it into the name of at least two trustees. The trustees will become the legal owner of the property however the original owner will retain the right to reside in the property and benefit from any income generated.

 

Should the original owner wish to move to a different property due to the need to downsize or or have a property which is adapted to him the mist trust can also be moved onto the additional property as well.

 

The benefits of this process are twofold in that, this can protect your assets from any potential claims for care home fees and also remove your property from your inheritance tax calculation.